Suche
Mein Konto
Bitcoin and NASDAQ: Correlation is increasing – who benefits in a bear market?
Bitcoin (BTC) shows a strong correlation to the NASDAQ-100 on 11/15/2025, especially during market declines. Analyzes indicate a change in trend.
Bitcoin and NASDAQ: Correlation is increasing – who benefits in a bear market?
Bitcoin (BTC) is currently showing a notable correlation with the NASDAQ-100 index, which particularly gains strength during market downturns. According to a report by FXStreet The correlation between BTC and the NASDAQ-100 is an impressive 0.8. This close connection means that BTC follows the index strongly during periods of price declines, while its reaction is less during periods of rising prices.
In the current environment, the performance skew between Bitcoin and NASDAQ-100 has taken on predominantly negative values. This is particularly striking as the number of days with positive skewness has reached its lowest level since the 2022 bear market. A possible reason for this trend could be a shift in attention from institutions and retailers towards stocks, which Wintermute recorded in his analyses.
Crypto market and market behavior
In 2025, narratives and activity in the crypto market have increasingly focused on stocks. The NASDAQ-100 has attracted more risk appetite than the crypto market in recent months. This shift in interests is probably one of the main reasons why Bitcoin has come under pressure. In just two months since the Federal Reserve cut interest rates on September 17, BTC has lost 18%, while the NASDAQ-100 has gained 3.7%.
Furthermore, Bitcoin is considered the “high-beta tail” of macroeconomic risk. This designation suggests that BTC reacts particularly strongly to changes in the market. Weak ETF inflows, stagnant stablecoin issuances and compressed market depth have further increased the negative performance skew. Strong negative skewness is typically observed during bearish cycles and market bottoms.
Current Bitcoin rate
Despite the challenges, Bitcoin is still performing strongly and remains close to its all-time highs. The current BTC price is around $95,000, down 3.5% in the last 24 hours. This stability despite negative market developments could be a strong sign of investor confidence in Bitcoin, even if its relationships with the traditional stock market remain complex.